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ARTICLE · 17 SEPTEMBER 2023

IRS Proposes Prevailing Wage And Apprenticeship Regulations

On Aug. 29, 2023, the U.S. Department of the Treasury and the IRS released comprehensive proposed regulations adding clarity to the prevailing wage and apprenticeship...

United StatesEnergy and Natural Resources

On Aug. 29, 2023, the U.S. Department of the Treasury and the IRS released comprehensive proposed regulations adding clarity to the prevailing wage and apprenticeship (PWA) prerequisites associated with eligibility for full-value clean energy tax credits under the Inflation Reduction Act (IRA). In addition, the IRS released summary guidance on these rules as a set of FAQs and in new Publication 5855. This guidance provides more certainty and greater flexibility in applying the PWA rules, building on the Notice 2022-61 PWA guidance released in November 2022.

Code Sections Affected

The listed Code sections all have a PWA requirement:

Section 30C – Alternative Fuel/EV Charger Credit

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